Capital Consulting Company had 460,000 shares of common stock outstanding on December 31, 2017. On that date, there were also 5,600 shares of $100 par, 6% noncumulative preferred stock outstanding. On March 1, 2018, the company's common stock split 2-for-1. On December 15, 2018, a preferred dividend was declared and paid in the amount of $31,000. Net income for 2018 was $3,600,000. Required: Compute basic earnings per share for the year ended December 31, 2018. (Round your answer to 2 decimal places.)